Light Church (Stoke) Registered Charity No 1178620 known as Penkhull Christian Fellowship
Trustees’ Report & Accounts for the period ended 31 December 2022
Light Church (Stoke)
| Registered Charity Number | 1178620 |
|---|---|
| Office Address | 2-10 Newcastle Lane |
| Penkhull | |
| Stoke-on-Trent | |
| ST4 5DR | |
| Governing Document | CIO – Foundation Model |
| Registered 4thJune 2018 (Constitution) | |
| Amended 6thSeptember 2019 | |
| Trustees | Daniel Chan* |
| Christopher Mountford | |
| Ivor Beeston** | |
| Peter Lea | |
| Secretary | Eleri Holmes |
| Bankers | Co-operative Bank |
| P.O. Box 250 | |
| Delf House | |
| Southway | |
| Skelmersdale | |
| WN8 6WT | |
| Independent Examiner | John Farrar F.M.A.A.T, DChA. |
| 211 Trent Valley Road | |
| Stoke-on-Trent | |
| ST4 5LF | |
| *Senior Minister, Chair & Paid Trustee | |
| ** Treasurer |
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| Content | Page |
|---|---|
| Objectives of the charity | 4 |
| Review of Activities | 5 |
| Financial Report | 7 |
| Receipts and Payments Accounts | 8 |
| Statement of Assets and Liabilities | 9 |
| Notes to Assets | 9 |
| Reserves Policy | 10 |
| Reserves Policy Management Action | 10 |
| Structure, Governance and Management | 11 |
| Safeguarding Policy | 11 |
| Trustees Responsibilities | 11 |
| Independent Examiners Report | 12 |
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Objectives of the charity
Light Church (Stoke) is the charity name for the Church known as Penkhull Christian Fellowship. It is in the process of changing the church name from Penkhull Christian Fellowship (PCF) to Light Church.
The objects of the Church are for the benefit of the public:
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(a) To advance the Christian faith in accordance with the statement in such ways and in such parts of the United Kingdom or the world as the Church Council may from time to time think fit;
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(b) To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counselling and support in such parts of the United Kingdom or the World as the church council from time to time think fit; and
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(c) To advance education in such ways and in such parts of the United Kingdom or the World as the church council from time to time may think fit.
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Review of Activities
The following activities take place;
Alpha Course is an evangelistic course which seeks to introduce the basics of the Christian faith through a series of talks and discussions. It is an opportunity to explore questions such as ‘What is the meaning of life?’ and is an effective tool to reach the lost with the Gospel of Jesus Christ.
Beloved is the women’s ministry of PCF. Meeting on various Saturdays throughout the year, there is a mix of socialising and Christian teaching to encourage friendship and spiritual growth.
Carers & Toddlers - the weekly stay and play club provides a space for social development in a child's early years as well as social interaction among parents and carers in the community.
Coffee Morning - is a weekly café styled morning for people to meet and socialise over a cup of tea and piece of cake.
Foodbank – PCF is a distribution centre for the Stoke-on-Trent Foodbank. PCF also provides donations of foodstuffs & toiletries provided by our members and congregation. Foodbank is a nationally recognised programme that is run by award winning charity, The Trussell Trust.
Kids Church – bible-based activities for children aged between 2-11 which takes place during our Sunday morning service.
Missions - we continue to build working partnerships and support missions, missionaries and ministries both at home and abroad.
Prayer – weekly and fortnightly gatherings for people to pray together for the needs of our congregation, church, community and beyond.
Small Groups - are various groups of people that meet in various locations, that look to encourage people within their faith and to offer pastoral support.
Sunday Worship – our Sunday morning service takes place each week which our community find both beneficial and spiritually fulfilling. All are welcome to attend our regular services. We continue to broadcast our Sunday morning services over the internet. This allows for congregation members who are unable to attend to join in corporate worship from home.
Unite is the men's ministry of PCF. With Saturday breakfasts, maintenance mornings, curry nights and other events on the annual calendar, it’s a chance to build good friendships and encourage men in the faith.
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Youth – for those aged between 12-17. The department supports young people in the church, encouraging them to support each other, live life together and encourage each other in the faith. Youth Alpha, trips to other church youth events and social activities take place at various times.
All children and youth workers are subject to DBS checks in line with our safeguarding policy.
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Finance Report 2022
Summary
Whilst the majority of our collections are via online/telephone banking, the re-introduction of the ability to give cash offerings weekly has helped to improve our finances.
God Is Good and provides for our needs so, despite the continued difficult circumstances, we were again able to show an overall surplus for 2022.
Overall income for the year ending 31st December 2022 was £100,007.
Overall expenditure for the same period was £88,316, producing a surplus of £11,760.
Tithes & Offerings
General Tithes and Offerings for 2022 was £68,276, an increase of £7,000 over 2021. Special Missions Offerings for 2022 came to £10,302. This is an increase of £5,066 on the previous year.
Gift Aid
The total Gift Aid received from HMRC was £9,702.
Missions Giving
In 2022 we were able to give a total of £17,994 in support of missions and ministry, both at home and abroad.
Kingdom Bank
Savings with Kingdom Bank stand at £139,581.
Despite these difficult times and the continued cost-of-living crisis, we must praise God for His provision and for your continued faithful and generous giving.
Ivor Beeston Treasurer
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Receipts and Payments Account
Light Church (Stoke) known as Penkhull Christian Fellowship
| INCOME | 2022 |
|---|---|
| £ | |
| Tithes and Offerings | £81,618.90 |
| Departments Income | £1,865.93 |
| Other Income | £16,592.23 |
| TOTAL INCOME | £100,007.06 |
| EXPENSES | |
| Departments | £2,762.16 |
| Employee Costs | £37,570.54 |
| Missions & Ministry | £17,994.26 |
| Insurance | £1,164.20 |
| Mini Bus | £3,982.45 |
| Office | £2,650.11 |
| Other Expenses | £6,967.75 |
| Repairs & Maintenance | £11,037.31 |
| Utilities | £4,187.96 |
| TOTAL EXPENSES | £88,316.74 |
| SURPLUS TOTAL | £11,760.32 |
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Statement of Assets and Liabilities
Light Church (Stoke) known as Penkhull Christian Fellowship
| Bank Accounts | £ |
|---|---|
| Current Account | £52,522.62 |
| Departments HoldingAccount | £5,566.54 |
| BuildingFund | £1,123.11 |
| Savings/Reserve Accounts | £139,581.43 |
| TOTAL Bank Accounts | £198,793.70 |
| Asset Accounts | |
| TOTAL Asset Accounts | £282,172.08 |
| OVERALL TOTAL | £480,965.78 |
Notes to Assets
The charity owns three properties;
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The Church Building at Franklin Road, Penkhull, Stoke-on-Trent ST4 5DS
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The Centre Building at 2-10 Newcastle Lane, Penkhull, Stoke-on-Trent ST4 5DR
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House at Princes Road, Penkhull, Stoke-on-Trent ST4 7JS
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Policies
Other assets include a Mini bus, which is a 16 seater + driver mini bus with a value of c£800 and other various equipment, fixtures and fittings.
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Reserves Policy
As at 31[st] December 2022 the church had a Reserves Policy (Rev 3 - 12-12-2022) as defined by the Trustees.
Light Church (Stoke) known as Penkhull Christian Fellowship Reserves Policy
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The Trustees have reviewed the Fellowships needs for reserves in line with CC19 (Charities’ Reserves) issued by the Charity Commission. 2. Penkhull Christian Fellowship exists to promote the Christian Religion and its associated values
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in Penkhull, Stoke on Trent, England and beyond. The income to achieve this is variable yet some of the expenses are not (Salaries, Mission Commitments, Office Costs, Insurance and Services). Reserves are required to ensure that these liabilities are met even when
income
is low.
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To ensure the financial viability of the fund and its ability to meet its on-going commitments the charity will endeavour to maintain, on average, sufficient reserves to cover eight months expenditure.
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Management action will be required should the value of the fund exceed twelve times the
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monthly expenditure, or fall below three month’s expenditure.
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The Trustees will continue to monitor actual income and expenditure against these projections on an annual basis (AGM).
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Funds held for projects (buildings, mission etc), or designated funds will not be counted in the overall reserves.
Reserves Policy Management Action
Reserves Balance £192,104
Q1 Is the Reserves Balance more than 3m expenditure? YES Expenditure 2022 £88,316 (3m £22,079)
If YES go to question Q2, if No go to Q4
Q2 Is the Reserves Balance more than 12m expenditure? YES Expenditure 2022 £88,316
If YES go to Q3, if No then go to Q6.
Q3 Give reasons below why reserves more than 12m expenditure, then go to Q6. The sum of £130,000 is allocated, although not designated towards a building project yet to be determined and therefore not included in Reserve balance as per point 6 above. Reserves balance excluding this is 8.43 months expenditure.
Q6 Is the Reserves Policy deemed fit for purpose. YES If YES then No Action Required as Reserves Policy Met. If No then review Reserves Policy.
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Structure, Governance and Management
Light Church (Stoke) is a CIO registered charity (No. 1178620) and is instituted by the Constitution registered on 4th June 2018 and amended 6[th] September 2019. Its registered address is 2 – 10 Newcastle Lane, Penkhull, Stoke-on-Trent. ST4 5DR.
The charity is known as Penkhull Christian Fellowship. Rules, Regulations and Objectives (RRO) document, Issue 1 February 2019. Copies of this document will be supplied to the Church Membership (as defined by Section 11 of the Constitution) and new members of the Church Membership. It is noted that the Constitution is the legal document and is superior to the RRO if there is any conflict.
Light Church (Stoke) known as Penkhull Christian Fellowship is affiliated with the Assemblies of God Incorporated, a company limited by guarantee (No. 2873415) registered in England, having its registered office at The National Ministry Centre, Gf/Fl2 No 1-2 The Cottages, Deva Centre, Salford Manchester M3 7BE, and is also a registered charity (No. 1032245).
Safeguarding Policy
Safeguarding Policy, Issue 3 version 1 Feb 2023 was reviewed and adopted on 24/3/2023
Trustees’ Responsibilities
Charity Law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.
We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable us to ensure that the financial statements comply with the Charities Act 2011.
We also have responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
Approval
This report was approved by the trustees on 10[th] October 2023 and signed on their behalf by:
Mr Daniel Chan Chair of Trustees Light Church (Stoke) known as Penkhull Christian Fellowship
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Independent Examiners Report
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ST4 5LF Section B Disclosure Only Complete if the examiner needs to highlight material matters of concem (see CC32, Indèpèndent examinalic)n of th8rity accounts.. directions and guidance for examiners). Give here brief dètails of any items that the examiner wishes to disclose. IER Oct 2018 Penkhull Christian Fellowship Page 13 of 13